Elliott waves crypto analysis – We’re short towards 200

ETH –

Wave Analysis

After breaking below the 4 hour support level 467.09, Ethereum corrected itself to the same level but could not break again above it. We’re short on this crypto, our expectations is that the price should continue to the lower side and may end up breaking below 407. Should the price breakout below this, then we expect the impulsive wave (v) to extend further but should not go below 200. This view can only be invalidated in case the price breakout above 467.09, this being the case, we’ll expect further rally upwards.